The company offers development tools for crypto-powered gamers. Framework Ventures led the $30 Million Series A round.
Framework Ventures led a $30 million funding round for Stardust, which is a platform that offers development tools to crypto-powered game developers.
Distributed Global, Blockchain Capital, Acrew Capital and Blockchain Capital all participated in the Series A round. Bloomberg reported the. There was no valuation.
Stardust is a self-professed platform that aims to be the infrastructure layer for blockchain-based games. It offers a set of tools that, according to the platform, simplify the building process for crypto gaming apps.
Stardust raised $5 Million in a Seed Round in 2021.
Vance Spencer, co-founder of Framework, told The Block that web3 gaming would result in both the creation of interesting assets and exciting, consumer-friendly applications that will be more attractive in terms of onboarding new, non-native crypto users.
Venture backers seem to be in agreement. According to The Block Research, the NFT and crypto gaming space have been the most significant investment sectors in venture funding over the past two quarters.